Within certain windows—based on your loan terms—you may be able to repay bills financed through Settle Working Capital before the scheduled due date. Below are your repayment options and how early repayment impacts your loan.
How early repayment works
Settle calculates interest daily, so paying early reduces the total interest you accrue, shortens your loan term, and increases your available credit once the payment processes.
Customers can repay financed invoices in two ways:
Scheduled installments (automatic, based on your repayment plan)
Voluntary early repayments (initiated by you at any time when eligible)
Early repayments can be partial (paying down part of the balance early) or full (paying off the loan entirely).
Paying off a bullet loan financed bill before its due date
Navigate to the bill you'd like to repay early—either from the Bills tab or via the Related to link on the associated row in the Payments tab.
Select View next to the Debit on date to open the Extended payment terms window.
Click the three dots next to the View link to open the quick menu and select the early repayment option.
In the Extended payment terms window, click Repay early.
Enter the partial or full amount you’d like to repay.
Click Submit your payment and follow the confirmation prompts.
Once processed, your credit profile will reflect the updated available credit.
Note: If you repay early, you will not be charged for future extension periods, but previously accrued fees for completed periods are not refunded.
Not seeing the Repay early button?
If you have a scheduled loan payment within the next 1–2 business days, the option temporarily disappears until that payment processes.
Paying off an amortized loan financed bill before its due date
Follow the same steps as above (Bills tab → View → three dots → Repay early → Submit payment).
How early repayments apply to amortized loans
This section is a common point of confusion, so here’s how it works:
A partial early repayment reduces the principal of your loan immediately.
However, your schedule does not re-amortize.
This means:Payment dates stay the same
Payment amounts for upcoming installments stay the same
Only the interest/principal split of those payments changes
Early repayment shortens the end of the schedule, reducing or eliminating the final payments.
This functions similarly to making an extra principal payment on a mortgage: it doesn’t lower upcoming installments—it removes payments at the end.
Example
A partial early prepayment might result in:
Your upcoming 11/19 payment stays the same total amount and date, but has a new interest/principal split.
The following 1/18 payment also stays the same total amount with an updated split.
The 2/17 payment may be reduced because it pays off the remaining balance.
The final 3/19 payment may be removed entirely if the loan is paid off before that point.
Additional notes
Once your early payment is processed, your credit availability updates automatically.
If you’re looking to extend repayment terms, see: Updating repayment timeline for financed payments